It’s Not A Fantasy To Think That Vintage Wine Estates Inc (VWE) Has Big Future Potential

Vintage Wine Estates Inc (NASDAQ:VWE) currently has a daily average trading volume of 587.79K but it saw 1382178 shares traded in last market. With a market cap of 9.88M USD, the company’s current market price of $0.16 came falling about -0.44 while comparing to the previous closing price of $0.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.14 and as low as $0.13.

Taking a look at 20-day trading activity of Vintage Wine Estates Inc (VWE) gives us an average price of $0.1548, while its current price level is -86.20% below from 52-week high level whereas it is 23.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.2335 while that of 200 days or SMA-200 reads an average of $0.4241. A closer look into the stock’s movement over the week reveals that its volatility is standing at 16.90% during that period while stretching the period over a month that decreases to 15.48%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.62 which implies that the stock is in neutral territory.

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The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Telsey Advisory Group which downgraded the stock as “Underperform” in its note to investors issued on February 09, 2023, recommending a price target of between $3.50 and $1.50 for it. Canaccord Genuity downgraded its recommendation for the stock as a “Sell” from “Hold” on February 09, 2023 while assigning a price target range of $2-$1. Telsey Advisory Group issued its recommendations for the stock as it upgraded the price target for the stock is $3.50.

Over the week, VWE’s stock price is moving 13.17% up while it is -10.17% when we observe its performance for the past one month. Year-to-date it is -68.68% down and over the past year, the stock is showing a downside performance of -81.75%.

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Currently, Vintage Wine Estates Inc’s total number of outstanding shares is 59.36M. Company’s return on investment (ROI) stands at -125.79% and return on equity (ROE) at -91.38%. Stock has a price to book (P/B) ratio of 0.11 while price to sale or P/S ratio amounts to 0.04. Its return on asset (ROA) is -24.79% on average.

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